SB 2408

Abstract

Amends the Illinois Insurance Code. Authorizes the Illinois Insurance Guaranty Fund, at the direction of its board of directors and subject to the approval of the Director of Insurance, to form and own a not-for-profit corporation to which the Fund may delegate certain of its powers and duties provided by the Code. Allows the not-for-profit corporation to contract to provide services to the Office of Special Deputy Receiver or any other person or organization authorized by law to carry out the duties of the Director in the capacity of receiver under specified provisions of the Code, the Illinois Life and Health Insurance Guaranty Association, an organizations in another state similar to the Illinois Insurance Guaranty Fund or the Illinois Life and Health Insurance Guaranty Association. Effective immediately. Senate Committee Amendment No. 1 Replaces everything after the enacting clause with the provisions of the introduced bill with the following changes. In provisions concerning the purpose of the Illinois Insurance Guaranty Fund Article of the Illinois Insurance Code, provides that the purpose of the Article is to also provide a mechanism for the Illinois Insurance Guaranty Fund to participate in and facilitate the process by which the assets of an insolvent company are marshaled and distributed beyond reimbursing the cost of covered claims, and that these provisions are inoperative 5 years after the effective date of the amendatory Act. Provides that language allowing the Fund to contract with the Office of Special Deputy Receiver or any other person or organizations authorized by law to carry out the duties of the Director in her or his capacity as a receiver under Article XIII of the Code are inoperative 5 years after the effective date of the amendatory Act. Removes provisions allowing the Illinois Insurance Guaranty Fund to contract to provide services to the Illinois Life and Health Insurance Guaranty Association and organizations in another state similar to the Illinois Insurance Guaranty Fund or the Illinois Life and Health Insurance Guaranty Association. Makes other changes. Effective immediately. House Committee Amendment No. 1 Deletes reference to: 215 ILCS 5/532 215 ILCS 5/538 215 ILCS 5/538.7 Adds reference to: 215 ILCS 5/1 from Ch. 73, par. 613 Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Makes a technical change in a Section concerning the short title. House Floor Amendment No. 2 Deletes reference to: 215 ILCS 5/1 from Ch. 73, par. 613 Adds reference to: New Act 20 ILCS 3501/801-1 20 ILCS 3501/801-5 20 ILCS 3501/801-10 20 ILCS 3501/801-40 20 ILCS 3501/Art. 850 heading new 20 ILCS 3501/850-5 new 20 ILCS 3501/850-10 new 20 ILCS 3501/850-15 new 5 ILCS 100/5-45.9 new 5 ILCS 420/1-121 new 5 ILCS 420/4A-102 from Ch. 127, par. 604A-102 5 ILCS 420/4A-103 from Ch. 127, par. 604A-103 5 ILCS 430/5-50 20 ILCS 605/605-1075 new 20 ILCS 627/15 20 ILCS 627/40 new 20 ILCS 627/45 new 20 ILCS 627/55 new 20 ILCS 627/60 new 20 ILCS 655/5.5 from Ch. 67 1/2, par. 609.1 20 ILCS 1505/1505-215 20 ILCS 1505/1505-220 new 20 ILCS 3125/10 20 ILCS 3125/15 20 ILCS 3125/20 20 ILCS 3125/30 20 ILCS 3125/40 20 ILCS 3125/45 20 ILCS 3125/55 new 20 ILCS 3855/1-5 20 ILCS 3855/1-10 20 ILCS 3855/1-20 20 ILCS 3855/1-35 20 ILCS 3855/1-56 20 ILCS 3855/1-70 20 ILCS 3855/1-75 20 ILCS 3855/1-92 20 ILCS 3855/1-125 20 ILCS 3855/1-128 new 30 ILCS 105/5.427 30 ILCS 105/5.935 new 30 ILCS 105/5.936 new 30 ILCS 105/5.937 new 30 ILCS 500/1-10 30 ILCS 575/4f 30 ILCS 575/7 from Ch. 127, par. 132.607 35 ILCS 200/1-130 35 ILCS 200/10-5 35 ILCS 200/10-610 105 ILCS 5/10-22.11 from Ch. 122, par. 10-22.11 220 ILCS 5/4-604 new 220 ILCS 5/4-604.5 new 220 ILCS 5/4-605 new 220 ILCS 5/5-117 220 ILCS 5/8-103B 220 ILCS 5/8-201.7 new 220 ILCS 5/8-201.8 new 220 ILCS 5/8-201.9 new 220 ILCS 5/8-201.10 new 220 ILCS 5/8-218 new 220 ILCS 5/8-402.2 new 220 ILCS 5/8-406 from Ch. 111 2/3, par. 8-406 220 ILCS 5/8-512 new 220 ILCS 5/9-228 new 220 ILCS 5/9-229 220 ILCS 5/9-241 from Ch. 111 2/3, par. 9-241 220 ILCS 5/16-105.5 new 220 ILCS 5/16-105.6 new 220 ILCS 5/16-105.7 new 220 ILCS 5/16-105.10 new 220 ILCS 5/16-105.17 new 220 ILCS 5/16-107.5 220 ILCS 5/16-107.6 220 ILCS 5/16-108 220 ILCS 5/16-108.18 new 220 ILCS 5/16-108.19 new 220 ILCS 5/16-108.20 new 220 ILCS 5/16-108.21 new 220 ILCS 5/16-108.25 new 220 ILCS 5/16-108.30 new 220 ILCS 5/16-111.5 220 ILCS 5/16-111.10 new 220 ILCS 5/16-127 220 ILCS 5/16-135 new 220 ILCS 5/17-900 new 415 ILCS 5/3.131 new 415 ILCS 5/9.15 415 ILCS 5/9.18 new 415 ILCS 5/22.59 415 ILCS 120/1 415 ILCS 120/5 415 ILCS 120/10 415 ILCS 120/15 415 ILCS 120/27 new 415 ILCS 120/35 415 ILCS 120/40 415 ILCS 120/45 415 ILCS 120/20 rep. 415 ILCS 120/22 rep. 415 ILCS 120/24 rep. 415 ILCS 120/30 rep. 415 ILCS 120/31 rep. 415 ILCS 120/32 rep. 625 ILCS 5/13C-10 820 ILCS 65/10 Replaces everything after the enacting clause. Creates the Energy Transition Act. Includes provisions regarding: Regional Administrators; the Clean Jobs Workforce Network Program; the Clean Jobs Curriculum; the Energy Transition Barrier Reduction Program; Energy Transition Navigators; the Illinois Climate Works Preapprenticeship Program; the Clean Energy Contractor Incubator Program; the Returning Residents Clean Jobs Training Program; the Clean Energy Primes Contractor Accelerator Program; the Jobs and Environmental Justice Grant Program; and the Energy Workforce Advisory Council. Repeals the Act 24 years after the effective date. Creates the Energy Community Reinvestment Act. Includes provisions regarding: the Energy Transition Workforce Commission; the Energy Transition Community Grants; the Displaced Energy Workers Bill of Rights; the Displaced Energy Worker Dependent Transition Scholarship; an Energy Community Investment Report; and administrative review. Repeals the Act 24 years after the effective date. Creates the Community, Energy, Climate, and Jobs Planning Act. Includes provisions regarding: the creation of Community Energy, Climate, and Jobs Plans; the Community Energy, Climate, and Jobs Planning process; and joint Community Energy, Climate, and Jobs Plans. Repeals the Act 24 years after the effective date. Creates the Clean Energy Jobs and Justice Fund Act. Includes provisions regarding: the Clean Energy Jobs and Justice Fund; the board of directors; powers and duties; primary responsibilities in early program development; executive director and fund management; and dissolution of the Fund. Repeals the Act 24 years after the effective date. Makes additional and conforming changes in: the Illinois Finance Authority Act; the Illinois Administrative Procedure Act; the Illinois Governmental Ethics Act; the State Officials and Employees Ethics Act; the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois; the Electric Vehicle Act; the Illinois Enterprise Zone Act; the Department of Labor Law of the Civil Administrative Code of Illinois; the Energy Efficient Building Act; the Illinois Power Agency Act; the State Finance Act; the Illinois Procurement Code; the Business Enterprise for Minorities, Women, and Persons with Disabilities Act; the Property Tax Code; the School Code; the Public Utilities Act; the Environmental Protection Act; the Alternate Fuels Act (and renames it the Electric Vehicle Rebate Act); the Illinois Vehicle Code; and the Illinois Worker Adjustment and Retraining Notification Act. Makes other changes. Effective immediately. House Floor Amendment No. 4 In provisions of the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois concerning the Energy Transition Assistance Fund: removes language requiring the available funding for each year to be allocated from the Fund starting in delivery year 2026 and ending in delivery year 2035, for costs related to emissions reductions from municipal coal-fired units, up to $20,000,000 annually; provides that the amount of funding needs of the programs reliant on the Fund shall not exceed $180,000,000 (rather than $200,000,000); and removes language requiring the Department of Commerce and Economic Opportunity to determine the appropriate annual level of financial support for municipal coal-fired units receiving funding to facilitate emissions reductions projects. In provisions of the Public Utilities Act concerning the Energy Transition Assistance Fund, provides that, for each utility, the energy transition assistance charge shall not exceed 1.3% (rather than 1.45%) of the amount paid per kilowatthour by those customers during the year ending May 31, 2009. In provisions of the Environmental Protection Act concerning greenhouse gases, provides that if the emissions reduction requirement is not achieved by December 31, 2035, the plant shall retire one or more units or otherwise reduce its COe emissions by 45% from existing emissions by June 30, 2038.